Two Rs 200 crore E&P projects: RFQs in August and Q3 respectively

Apr 27: 8Project Name: Oil Field Development8Project Cost: Rs 200 crore8Project Description: The owner is in the process of hiring a PMC contractor for the development of an Discovered Small Fields Round 2016. The project involves development drilling of 10 wells and laying of an infield pipeline to connect with the nearest OIL's production facility (GGS). Production from the block is expected to start by the end of 2020. Further RFQs are expected shortly.8Project Event: RFQs for hiring services for rigs and other oilfield services are expected by August 2018 instead of May 2018.8Expenditure Approval: Q4/20178RFQ Date: Aug/20188Release Date: Oct/20188Start Date: Q2/20198Completion Date: Q4/2021Click here for more information for key contacts8Project Name: Oil Field Development8Project Cost: Rs 200 crore8Project Description: The Promoter is planning to drill 05 exploratory wells. Promoter owned electrical type rig is proposed to be deployed for undertaking drilling activities in the block. The equipment required for the project will be Drill Pipes, Casing Pipes, Xmas Trees, Blow Out Preventer, Cementing services, Drilling fluid services and other Oilfield chemicals. An EIA consultant has already been hired for the project. Further RFQs are expected shortly.8Project Event: RFQ for the equipment and oilfield chemicals are expected by Q3/2018.8Expenditure Approval: Q3/20168RFQ Date: Q3/20188Release Date: Q3/20188Start Date: Nov/20198Completion Date: Dec/2020Click here for more details for key contacts and other details